Pop quiz: What is the best client tech startup to come out of Silicon Valley this year?
If you struggled to arrive up with an speedy solution for the future Fb or Uber, you’ve identified the latest local weather in America’s longtime funds of innovation.
Confident, there is certainly plenty of cash and brains in San Francisco. But in a spot continually on the lookout for the following large thing, the absence of a new breakout gadget or application can be deeply unsettling. Some even surprise if Silicon Valley has come to be … unexciting.
“Consumer tech has turn out to be common tradition, and in the US, well known society is established in New York and Los Angeles, not in the Bay Region,” claims Jeremy Liew, a husband or wife at Snapchat investor Lightspeed Ventures. “So I’d say that we’re viewing a lot much more consumer tech firms there than in this article.”
So has Silicon Valley — birthplace of the Apple iphone and Google — lost the innovation crown? Has it become much too pricey for younger techies chasing the startup desire? Or is there a broader trend at enjoy?
Business enterprise Insider checked in with 6 veteran tech investors for an update on the condition of innovation in Silicon Valley and for their ideas on the deserves of the “unexciting” charge.